Spike in refis lifts up mortgage app. survey – news.cuna.org – WASHINGTON (7/24/14)–After a sharp drop earlier in the month, mortgage application activity has gained back some ground, as the composite index in the Mortgage Bankers Association’s weekly survey gained 2.4% during the week that ended July 18 (Economy.com July 23).The rebound was driven in large part by refinance activity, which jumped 4.1% for the week, while purchase activity inched up 0.3%.
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Purchase activity, which led the rebound in application activity early this year, continued to climb higher and is approaching cycle highs again. Overall there has been a clear shift in activity since rates started to fall late last year.
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Lower home mortgage rates have triggered a big uptick in new mortgage applications, as the MBA reported a 7.2% increase in new mortgage activity, for the week. "In response, refinance application.
Interest in refinancing among borrowers led to a huge jump in application activity last week, as rates fell amid an easing of selling pressure in key parts of the secondary market for mortgages.
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They were led by employees with the member of the executive teams. and with the newly launched sales incentive plan we anticipate an uptick in activity and results. Secondly, we intend continue to.
3 days ago · A recent uptick in mortgage rates resulted in purchase applications declining slightly, according to the Mortgage Bankers Association. On an unadjusted basis,
On the House: Low interest rates bring a resurgence of refinancing. No big increases in interest rates are on the immediate horizon.. when asked whether he had seen an uptick in refis.
Following a slight uptick last week, mortgage applications decreased. The refinance share of mortgage activity increased to 58% of total applications from 57% the previous week. The adjustable-rate.